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Wizard of Changes -- ©cdozo 2004 to 2015

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Camping [Jun. 5th, 2007|03:03 pm]
Wizard of Changes -- ©cdozo 2004 to 2015
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[User Picture]From: curculio
2007-06-06 12:38 am (UTC)

looks like fun

I can feel my hair getting frizzy sitting next to a fire like that. Boy, am I glad I'm far away so that I don't need to go to a hair stylist in the morning.
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[User Picture]From: curculio
2007-06-06 12:42 am (UTC)

Can you explain the counter-intuitive market to me like I was a

four year old?
Market Summary Wall Street closed considerably lower today after Federal Reserve Chairman Ben Bernanke eyed better-than-expected results from the service sector. The positive economic data has the Fed believing that moderate growth will continue for the U.S. economy, prompting little need to cut interest rates in the near future. Investors reacted to the news by sending stock prices down as the blue chip DJIA shed nearly 81 points at the tech-heavy NASDAQ dropped more than 7 points. The news also resulted in the dollar finishing weaker against foreign currencies.
So when it looks strong and everyone gets pessimistic. I see.
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[User Picture]From: cdozo
2007-06-06 03:00 pm (UTC)

This Little Piggy Went To Market...

Soon they will open a hair salon here on the ranch, and you will be able to visit without worrying about damaging you stylish 'do.

When th economy grows "too" fast, the Fed slows growth by raising the interest rate that banks pay the government for money. Less money flows into the economy, and the slope of the growth line decreases. Money will cost more to borrow, so it's best to have more cash on hand. Companies who invest and need a certain level of cash on hand, such as insurance companies and mutual funds, sell some of their holdings to have more liquidity. Stocks become more readily available so the price go down.

I have a headache.
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